Suburb Profile Report for Russell Island QLD (4184)

Russell Island House: Median price $198,000, Annual capital growth 0.72%, Number of sales 148, Weekly median advertised rent $250

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Investment property in Russell Island has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.88%

Taking the average capital gain, or increase in median house value, Russell Island,4184 has racked up an average of 5.88% over the period. This ranks it number 2907th in the whole country for real estate investors looking at median house price increases.

LACK OF BUYER INTEREST may well be the reason that Russell Island is offering property investors an average of -6.86. This rate of discount on properties puts Suburb at number 32th in terms of most discounted suburbs in QLD

The QLD suburb of Russell Island, 4184 is in the Redland local government area.

Metrics i HOUSE UNIT
$198,000 N/A
-1.49% N/A
5.88% N/A
0.72% N/A
$250 N/A
148 N/A
6.57% N/A
149.24 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 2473
Median household income ($/weekly) 587
Median age of persons 51
Median housing loan repayment ($/monthly) 1083
Average household size 2
  • Census Count Percent(%)
    5-14 years 243 9.8
    35-44 years 291 11.8
    45-54 years 320 12.9
    55-64 years 546 22.1
    65-74 years 428 17.3
    Others 644 26.1
    Age Group
    Census Count Percent(%)
    Not Married 850 47.2
    Registered Married 751 41.7
    Defacto Relationship 198 11.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1701 76.3
    Papua New Guinea 151 6.8
    Philippines 24 1.1
    United Kingdom 166 7.4
    Other 66 3.0
    Others 121 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 44 2.1
    Christianity 1443 68.5
    Islam 9 0.4
    Other Religious Groups 28 1.3
    No Religion 574 27.2
    Others 9 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 168 17.3
    $400-$599 215 22.1
    $600-$799 170 17.5
    $800-$999 95 9.8
    $1,000-$1,249 70 7.2
    Others 253 26.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1172 62.6
    Employed, worked full-time 290 15.5
    Employed, worked part-time 235 12.5
    Unemployed, looking for work 132 7.0
    Employed, away from work 44 2.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 77 13.5
    Technicians & trades workers 95 16.6
    Clerical & administrative workers 69 12.1
    Sales 68 11.9
    Labourers 92 16.1
    Others 171 29.9
    Occupation
    Census Count Percent(%)
    Pre-school 17 5.1
    Infants/Primary 135 40.7
    Secondary 103 31.0
    Technical or Further Educational Institution 36 10.8
    University or other Tertiary Institutions 25 7.5
    Others 16 4.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2181 99.5
    Caravan, cabin, houseboat 6 0.3
    Flat, unit or apartment 3 0.1
    House or flat attached to a shop, office 3 0.1
    Semi-detached, row or terrace house, townhouse 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 400 38.4
    Rented 362 34.7
    Being purchased 276 26.5
    Other tenure type 4 0.4
    Tenure Type
Census 2011, ABS
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